No replies to this topic

[Darris]

Very short term the broad markets should see some weakness the 1st 3 days of next week. The most challenging aspect to shorting for this weakness will be when to execute on Monday. 10am/2pm ish are my favorite windows. However, Tuesday may challenge the resolve of shorts again, until "Flex" Wednesday comes around for the low of the week right at 3:00-3:30pm. Flex Wed completes the OPEX two week cycle, and quickly moves us into the end of month seasonal. End of month seasonal, and 1st of month seasonal may lead us into the next short term Top for the "Sell in May and Go Away" correction. The sell in may and go away correction will end around May 9th for the Wed before OPEX. Anybody remember "Jeff" from Silicon Investor many years ago when he nailed the COMPQ bottom right at 1000? He has long since gone away, but he used the term "Lather and rinse", and that is what these two seasonal cycles each month are all about. For further consideration or study, one might want to take a look at what happens when the Monday after OPEX is not down in recent history. Compare market behavior after the July 24, 2006 Monday after OPEX UP day, and the March 19, 2007 occurance. This might imply that filling the Friday April 20, 2007 gap UP on Monday or Wednesday this coming week will mark the low of the week before this leg up continues. Mental stops around 1465 to 1470 on the SPX futures contract mid-week would be prudent. Good Trading,